Why the Winklevoss ETF will send Bitcoin to the moon.

[BittBurger]

I still think most people aren't buying now despite the mass awareness of Bitcoin, because they think you have to buy a whole coin.

No, I know for a fact that's what most people think. So they aren't buying. "Because it's too expensive".

This is why we need the Winklevoss ETF as soon as possible.  This is when Bitcoin value will shoot to the moon. It will finally be on a "legitimate" exchange. It will finally be easy for the masses to buy. It will have security / insurance backing it (I believe?).

More importantly, it will be sold already in divisible amounts. I believe $25 per "share". This is when the general public will realize you can get in on Bitcoin at fractions of it's value.

Until the Winklevoss ETF goes live, a huge chunk of investors will remain unable/unwilling to access Bitcoin.

How long until approval or rejection by the evaluators?

[scarsbergholden]

yeah itll probably be big. although, at first, it will depend on where we are in cycle of price movement..... eventually this will crash

[BitDreams]

Reminder to self: purchase at least 1 share on IPO day.  


Question: Does one Bitcoin represent 100 or 1000 shares?

[Tirapon]

We just need all of the exchange to collaborate and switch over to mBTC when price reaches $1000. Then people can buy 1 mBTC for a dollar! Quick, get them while they're still cheap, we're gonna hit $50 in a few years  

EDIT: In fact, they should all just do it now.

[BittBurger]

If I'm remembering correctly, they're simply selling shares at $25.

So whatever fraction of a Bitcoin that equals at that moment, is what the buyer will receive.

[exstasie]

this is the first time i've heard of Winklevoss ETF, but it makes sense.  People think it's $850 per BTC, which they can't afford so just dismiss it.  If they were sold shares at $8.50 per 0.01, then they would be more apt to purchase.

I like the idea of buying shares.

[Painful Truth]

For those who can't wait until the Winklevoss ETF is live there is this:

http://www.bitcointrust.co/

[mvidetto]

Hmm how do you know if you are able to invest with them?

[JimboToronto]

We just need all of the exchange to collaborate and switch over to mBTC when price reaches $1000. Then people can buy 1 mBTC for a dollar! Quick, get them while they're still cheap, we're gonna hit $50 in a few years  

EDIT: In fact, they should all just do it now.

Why bother with mBTC when we already have satoshis?

You can currently buy a million satoshis for less than $9.

[favelle75]

If its a true ETF, then wouldn't it be comprised of a collection of companies that deal with Bitcoin?  Therefore not investing in the currency itself?  Look at ishares ETF's.  They are made up of dozens of companies for whatever particular sector you want to invest in.

[dasein]

If its a true ETF, then wouldn't it be comprised of a collection of companies that deal with Bitcoin?  Therefore not investing in the currency itself?  Look at ishares ETF's.  They are made up of dozens of companies for whatever particular sector you want to invest in.

Look at gold ETFs, they hold gold and/or derivatives to match the performance of an index or price.

[favelle75]

Most of the gold ETF's in Canada hold gold COMPANIES..not gold itself. Otherwise, why bother with the ETF's MER?  Waste of money....just hold gold outright.

[DannyElfman]

there is no advantage to holding shares vs holding btc, is there?

[favelle75]

there is no advantage to holding shares vs holding btc, is there?

Exactly. So why bother is my question in a nutshell.

[byronbb]

there is no advantage to holding shares vs holding btc, is there?

Exactly. So why bother is my question in a nutshell.

Because you have 50million dollars and its hard to get that down at MtGox.

[favelle75]

there is no advantage to holding shares vs holding btc, is there?

Exactly. So why bother is my question in a nutshell.

Because you have 50million dollars and its hard to get that down at MtGox.

Well...yes, there is that... 

[GriTBitS]

The reason for the ETF, which you probably don't know is to make an income off bitcoin on a weekly basis. Ever hear of writing options!!!!!!!!! That's where the money on bitcoin will be made. 10$ price swing on a option you bought for 2$ at the current strike price 500% profit in minutes! Wake up and read some books on trading and the market!

[damnek]

The reason for the ETF, which you probably don't know is to make an income off bitcoin on a weekly basis. Ever hear of writing options!!!!!!!!! That's where the money on bitcoin will be made. 10$ price swing on a option you bought for 2$ at the current strike price 500% profit in minutes! Wake up and read some books on trading and the market!

Options on volatile products are priced higher, market makers are not stupid.

[GriTBitS]

The reason for the ETF, which you probably don't know is to make an income off bitcoin on a weekly basis. Ever hear of writing options!!!!!!!!! That's where the money on bitcoin will be made. 10$ price swing on a option you bought for 2$ at the current strike price 500% profit in minutes! Wake up and read some books on trading and the market!

Options on volatile products are priced higher, market makers are not stupid.

That's exactly what people that are writing the option want!!!! Huge volatility premium. I mean if I can sell 100$ out of the money for a couple bucks on wed and it expires on Friday..... Pretty sure I just got paid without losing a thing! Just look at an option chain on appl or goog. Way out of the money is still great weekly gains!

[Patel]

there is no advantage to holding shares vs holding btc, is there?

Exactly. So why bother is my question in a nutshell.

Because you have 50million dollars and its hard to get that down at MtGox.

And older folks rather not take the risk of losing their private key and maintaining security of their funds. If shares is the same as owning actual, its a nice incentive for them to hand over the risks to the ETF.